Screen LibraryShadow banking and the rise of capitalism in China /
This book is about the growth of shadow banking in China and the rise of China's free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. T...
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| Main Authors: | |
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| Published: |
Palgrave Macmillan,
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| Publisher Address: | Singapore : |
| Publication Dates: | [2017] |
| Literature type: | Book |
| Language: | English |
| Subjects: | |
| Summary: |
This book is about the growth of shadow banking in China and the rise of China's free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. They have grown from a fraction of the economy ten years ago to nearly half of all China's annual Rmb 25 trillion ($4.1 trillion) in lending in the economy today. Shadow Banks are a new aspect of capitalism in China -- barely regulated, highly risky, yet tolerated by Beijing. They have been permitted to |
| Carrier Form: | ix, 205 pages : illustrations ; 22 cm |
| Bibliography: | Includes bibliographical references (pages 193-198) and index. |
| ISBN: |
9789811029950 9811029954 |
| Index Number: | HG187 |
| CLC: | F832.3 |
| Call Number: | F832.3/C699 |
| Contents: | Introduction : the mayor of coal town -- Early shoots of informal finance -- China's great financial push -- Federalism : when in doubt ... build a town! -- The rise of LGFV -- Don't trust the trusts -- The banks jump into shadow banking -- The wild west of bank products -- The internet goes shadow -- The risks of shadow banking -- What does the future hold for shadow banking? |